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HAIVISION SYSTEMS INC (HAI.CA) Stock Fundamental Analysis

Canada - TSX:HAI - CA40531F1009 - Common Stock

4.96 CAD
-0.15 (-2.94%)
Last: 11/7/2025, 7:00:00 PM
Fundamental Rating

4

HAI gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 13 industry peers in the Communications Equipment industry. While HAI seems to be doing ok healthwise, there are quite some concerns on its profitability. HAI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

In the past year HAI has reported negative net income.
In the past year HAI had a positive cash flow from operations.
In multiple years HAI reported negative net income over the last 5 years.
HAI had a positive operating cash flow in 4 of the past 5 years.
HAI.CA Yearly Net Income VS EBIT VS OCF VS FCFHAI.CA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M 10M 15M

1.2 Ratios

With a decent Return On Assets value of -0.89%, HAI is doing good in the industry, outperforming 76.92% of the companies in the same industry.
With an excellent Return On Equity value of -1.34%, HAI belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
Industry RankSector Rank
ROA -0.89%
ROE -1.34%
ROIC N/A
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
HAI.CA Yearly ROA, ROE, ROICHAI.CA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

In the last couple of years the Profit Margin of HAI has declined.
In the last couple of years the Operating Margin of HAI has declined.
HAI has a Gross Margin of 72.48%. This is amongst the best in the industry. HAI outperforms 100.00% of its industry peers.
In the last couple of years the Gross Margin of HAI has remained more or less at the same level.
The Profit Margin and Operating Margin are not available for HAI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 72.48%
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
HAI.CA Yearly Profit, Operating, Gross MarginsHAI.CA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

6

2. Health

2.1 Basic Checks

HAI does not have a ROIC to compare to the WACC, probably because it is not profitable.
HAI has less shares outstanding than it did 1 year ago.
HAI has more shares outstanding than it did 5 years ago.
HAI has a better debt/assets ratio than last year.
HAI.CA Yearly Shares OutstandingHAI.CA Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
HAI.CA Yearly Total Debt VS Total AssetsHAI.CA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M

2.2 Solvency

An Altman-Z score of 2.72 indicates that HAI is not a great score, but indicates only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.72, HAI is in the better half of the industry, outperforming 61.54% of the companies in the same industry.
HAI has a debt to FCF ratio of 8.17. This is a slightly negative value and a sign of low solvency as HAI would need 8.17 years to pay back of all of its debts.
HAI has a Debt to FCF ratio of 8.17. This is in the better half of the industry: HAI outperforms 69.23% of its industry peers.
HAI has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of HAI (0.13) is better than 61.54% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 8.17
Altman-Z 2.72
ROIC/WACCN/A
WACC8.01%
HAI.CA Yearly LT Debt VS Equity VS FCFHAI.CA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M

2.3 Liquidity

HAI has a Current Ratio of 1.59. This is a normal value and indicates that HAI is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.59, HAI is in the better half of the industry, outperforming 69.23% of the companies in the same industry.
A Quick Ratio of 1.20 indicates that HAI should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.20, HAI belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.59
Quick Ratio 1.2
HAI.CA Yearly Current Assets VS Current LiabilitesHAI.CA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

4

3. Growth

3.1 Past

HAI shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -125.00%.
The Earnings Per Share has been growing slightly by 2.25% on average over the past years.
The Revenue has decreased by -5.56% in the past year.
HAI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.82% yearly.
EPS 1Y (TTM)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
Revenue 1Y (TTM)-5.56%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%

3.2 Future

The Earnings Per Share is expected to grow by 9.50% on average over the next years. This is quite good.
Based on estimates for the next years, HAI will show a small growth in Revenue. The Revenue will grow by 6.27% on average per year.
EPS Next Y-148.82%
EPS Next 2Y16.77%
EPS Next 3Y9.5%
EPS Next 5YN/A
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
HAI.CA Yearly Revenue VS EstimatesHAI.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M
HAI.CA Yearly EPS VS EstimatesHAI.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 0.1 -0.1 0.2 -0.2 0.3

3

4. Valuation

4.1 Price/Earnings Ratio

HAI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 24.25 indicates a rather expensive valuation of HAI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAI indicates a rather cheap valuation: HAI is cheaper than 92.31% of the companies listed in the same industry.
HAI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 32.73.
Industry RankSector Rank
PE N/A
Fwd PE 24.25
HAI.CA Price Earnings VS Forward Price EarningsHAI.CA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 2K 4K 6K

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, HAI is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAI indicates a somewhat cheap valuation: HAI is cheaper than 69.23% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 72.96
EV/EBITDA 23.67
HAI.CA Per share dataHAI.CA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y16.77%
EPS Next 3Y9.5%

0

5. Dividend

5.1 Amount

HAI does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

HAIVISION SYSTEMS INC

TSX:HAI (11/7/2025, 7:00:00 PM)

4.96

-0.15 (-2.94%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)09-10 2025-09-10/amc
Earnings (Next)01-13 2026-01-13/amc
Inst Owners6.43%
Inst Owner ChangeN/A
Ins Owners36.17%
Ins Owner ChangeN/A
Market Cap135.41M
Revenue(TTM)127.61M
Net Income(TTM)-1.24M
Analysts80
Price Target6.31 (27.22%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-248.51%
Min EPS beat(2)-496.04%
Max EPS beat(2)-0.99%
EPS beat(4)0
Avg EPS beat(4)-180.46%
Min EPS beat(4)-496.04%
Max EPS beat(4)-0.99%
EPS beat(8)1
Avg EPS beat(8)-95.98%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)7.55%
Min Revenue beat(2)4.63%
Max Revenue beat(2)10.48%
Revenue beat(4)2
Avg Revenue beat(4)-2.22%
Min Revenue beat(4)-15.73%
Max Revenue beat(4)10.48%
Revenue beat(8)3
Avg Revenue beat(8)-3.04%
Revenue beat(12)7
Avg Revenue beat(12)1.37%
Revenue beat(16)8
Avg Revenue beat(16)-0.01%
PT rev (1m)3.38%
PT rev (3m)13.16%
EPS NQ rev (1m)-17.49%
EPS NQ rev (3m)237.5%
EPS NY rev (1m)-210.76%
EPS NY rev (3m)-185.29%
Revenue NQ rev (1m)-0.56%
Revenue NQ rev (3m)3.74%
Revenue NY rev (1m)-0.16%
Revenue NY rev (3m)2%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 24.25
P/S 1.06
P/FCF 72.96
P/OCF 34.3
P/B 1.47
P/tB 3.63
EV/EBITDA 23.67
EPS(TTM)-0.04
EYN/A
EPS(NY)0.2
Fwd EY4.12%
FCF(TTM)0.07
FCFY1.37%
OCF(TTM)0.14
OCFY2.92%
SpS4.67
BVpS3.37
TBVpS1.37
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.89%
ROE -1.34%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 72.48%
FCFM 1.45%
ROA(3y)-0.57%
ROA(5y)0.07%
ROE(3y)-1.12%
ROE(5y)1.21%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-9.63%
PM growth 3YN/A
PM growth 5Y-6.09%
GM growth 3Y-0.8%
GM growth 5Y-0.55%
F-Score4
Asset Turnover0.92
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 8.17
Debt/EBITDA 2.22
Cap/Depr 23.65%
Cap/Sales 1.64%
Interest Coverage N/A
Cash Conversion 70.94%
Profit Quality N/A
Current Ratio 1.59
Quick Ratio 1.2
Altman-Z 2.72
F-Score4
WACC8.01%
ROIC/WACCN/A
Cap/Depr(3y)15.44%
Cap/Depr(5y)18.5%
Cap/Sales(3y)1.1%
Cap/Sales(5y)0.9%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-125%
EPS 3Y-16.75%
EPS 5Y2.25%
EPS Q2Q%0%
EPS Next Y-148.82%
EPS Next 2Y16.77%
EPS Next 3Y9.5%
EPS Next 5YN/A
Revenue 1Y (TTM)-5.56%
Revenue growth 3Y11.84%
Revenue growth 5Y11.82%
Sales Q2Q%14.26%
Revenue Next Year-1.32%
Revenue Next 2Y5.26%
Revenue Next 3Y6.27%
Revenue Next 5YN/A
EBIT growth 1Y-136.87%
EBIT growth 3YN/A
EBIT growth 5Y1.06%
EBIT Next Year-90.16%
EBIT Next 3Y-40.01%
EBIT Next 5YN/A
FCF growth 1Y-86.13%
FCF growth 3Y129.93%
FCF growth 5Y25.45%
OCF growth 1Y-73.58%
OCF growth 3Y106.42%
OCF growth 5Y25.22%

HAIVISION SYSTEMS INC / HAI.CA FAQ

What is the fundamental rating for HAI stock?

ChartMill assigns a fundamental rating of 3 / 10 to HAI.CA.


Can you provide the valuation status for HAIVISION SYSTEMS INC?

ChartMill assigns a valuation rating of 3 / 10 to HAIVISION SYSTEMS INC (HAI.CA). This can be considered as Overvalued.


Can you provide the profitability details for HAIVISION SYSTEMS INC?

HAIVISION SYSTEMS INC (HAI.CA) has a profitability rating of 3 / 10.


Can you provide the financial health for HAI stock?

The financial health rating of HAIVISION SYSTEMS INC (HAI.CA) is 6 / 10.